Royal Bank Of Canada Reaffirms “Buy” Rating for SemGroup Corp (SEMG)
Royal Bank Of Canada reissued their buy rating on shares of SemGroup Corp (NASDAQ:SEMG) in a research report released on Tuesday morning. Royal Bank Of Canada currently has a $33.00 target price on the stock.
Separately, BidaskClub upgraded SemGroup Corp from a hold rating to a buy rating in a research report on Thursday, September 28th.
SemGroup Corp (SEMG) traded down 0.17% during midday trading on Tuesday, hitting $28.65. 433,906 shares of the stock traded hands. SemGroup Corp has a 12 month low of $22.55 and a 12 month high of $43.20. The firm has a market cap of $2.25 billion and a PE ratio of 283.66. The company’s 50 day moving average price is $26.55 and its 200 day moving average price is $28.94.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC acquired a new position in SemGroup Corp in the 2nd quarter valued at $346,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in SemGroup Corp by 72.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,095,436 shares of the company’s stock valued at $29,577,000 after purchasing an additional 460,800 shares during the last quarter. Century Capital Management LLC acquired a new position in SemGroup Corp in the 2nd quarter valued at $651,000. Bank of Nova Scotia acquired a new position in SemGroup Corp in the 1st quarter valued at $1,187,000. Finally, Virginia Retirement Systems ET AL raised its stake in SemGroup Corp by 106.8% in the 1st quarter. Virginia Retirement Systems ET AL now owns 14,893 shares of the company’s stock valued at $536,000 after purchasing an additional 7,693 shares during the last quarter.
SemGroup Corp Company Profile
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